Articles Of Incorporation Rerrange For Free

Today, the standard answer is that a corporation's purpose is to benefit its shareholders ? academics speak of the ?shareholder primacy norm,? and many talk of corporate managers' task as ?shareholder wealth maximization.? Even apparently selfless corporate acts, such as charitable donations, are justified as ...

What Are Articles of Incorporation? Filing Articles of Incorporation with the state agency (usually the secretary of state) is the first step in forming a corporation. The Articles of Association, also known as Certificate of Incorporation in some states, are the charter to create a corporation.

The company Apple, for example, was incorporated under the full name Apple Inc, while Microsoft is formally incorporated as Microsoft Corporation.

Corporate names included in articles of incorporation cannot include words or phrases that imply a purpose other than that identified in the document. Occasionally, businesses in similar industries, and those in the same geographic region, will attempt to file articles of incorporation under the same name.

Typically, the articles must contain, at the very least: the corporation's name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent.

Depending on the state in which the business is incorporated, unanimous agreement from all the shareholders may be required to change the articles of incorporation. Most states have changed this older, common law rule, and now only require a majority of shareholders to agree to change the articles of incorporation.

Generally, any time you make a change to information reported in your initial formation documents, you will need to file an amendment to those documents.

How to Amend Articles of IncorporationReview the bylaws of the corporation.A board of directors meeting must be scheduled.Write the proposed changes.Confirm that the board meeting has enough members attending to have a quorum so the amendment can be voted on.Propose the amendment during the board meeting.More items...

The articles of a corporation under the Canada Business Corporations Act (CBCA) can be amended by submitting a request through the Online Filing Centre. You will have to pay a filing fee (see Services, fees and processing times).

Unless otherwise prescribed by this Code or by special law, and for legitimate purposes, any provision or matter stated in the articles of incorporation may be amended by a majority vote of the board of directors or trustees and the vote or written assent of the stockholders representing at least two-thirds (2/3) of